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BOI and CIAH sign up for $ 18 m first-ever airport based hotel at BIA Source:-www.ft.lk BOI Chairman Sanjaya Mohottala (left) and Colombo International Airport Hotels Chairman Ruwan Perera  Offers 100 rooms, 4-star facilities inclusive of pool, gym, restaurants, crew lounge among others First phase of project to be ready as early as 2022 The Board of Investment (BOI) has recently entered into an agreement with Colombo International Airport Hotels Ltd. (CIAH) to construct the country’s first-ever airport hotel within the Airport and Aviation Services premises at Katunayake.  CIAH will invest $ 18.2 million for this project and the first phase of this hotel development is planned to be ready by 2022. The agreement was signed by BOI Chairman Sanjaya Mohottala and CIAH Chairman Ruwan Perera. The airport-based hotel is set to offer a mega value addition to the expanding capacity of the Bandaranaike International Airport (BIA) and will offer ...

Nov 2, 2021 Posted by In Articles, elanka Finance Tagged , , , ,
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Apparel exporter Rakshaa signs agreement with BOI for expansion Source:FT The Board of Investment (BOI) of Sri Lanka recently signed an agreement with Rakshaa Ltd. for the expansion of its existing operations, which will now include high-quality ladies’ fashion garments and sportswear.  Rakshaa will export to the UK, Holland, the US, India and Mauritius, and will generate approximately 300 additional employment opportunities with its expansion that also includes rural geographies in Sri Lanka.  The agreement was signed by BOI Chairman Sanjaya Mohottala and Rakshaa Managing Director Chandana Weerasinghe.  ...

Sep 8, 2021 Posted by In Articles, elanka Finance Tagged , ,
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SLHC in Singapore hosts webinar on ‘Sri Lanka as a Potential Alternative Manufacturing Hub’ Source:Ft A webinar on ‘Sri Lanka as a Potential Alternative Manufacturing Hub’ was organised by the Commercial Section of the Sri Lanka High Commission in Singapore together with the Singapore Manufacturing Federation and the Singapore-Sri Lanka Business Association with the support of the Sri Lanka Export Development Board and the Board of Investment to create awareness on Sri Lanka as a potential manufacturing hub and as a potential investment destination for export-oriented manufacturing. Over 120 participants attended the event from Singapore. State Minister of Regional Cooperation Tharaka Balasuriya delivering the keynote address highlighted the initiatives undertaken by the Government under the national policy framework ‘Vistas of Prosperity and Splendour’ and explained how these policies and initiatives were being implemented with a specific focus on creating a conducive environment to attract investments into the country particularly in ...

Aug 21, 2021 Posted by In elanka Finance Tagged , ,
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Thrust sectors in Sri Lanka’s export basket record hefty growth- by Sanath Nanayakkare Source:Island Sanjaya Mohottala, Chairman of the Board of Investment of Sri Lanka (BOI) told The Island Financial Review yesterday that Sri Lanka’s exports have surged in the first half of 2021 as the economic recovery is springing back from the pandemic-hit, especially with the thrust sectors of the export economy showing notable resilience. “Exports across all sectors combined have grown by +30% on a year-to-date (YTD) basis compared to 2020. Together with the Export Development Board (EDB), our aspiration is to surpass the full year 2019 export performance by the end of 2021, given that 2019 was one of the best years recorded for exports in Sri Lanka,” he said. “We are happy to note therefore, that many sectors, especially the thrust sectors that the BOI has identified to drive the economy, namely; rubber, agri-processing, fisheries and ...

Jul 21, 2021 Posted by In Articles Tagged , ,
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